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Progress on Prosperity FPSO
He was speaking just a few days before SBM
Offshore (Netherlands) reported that the hull it
will use to build the third floating production,
storage and off-loading (FPSO) slated for instal-
lation at Stabroek had entered dry-dock facili-
ties in Singapore. This vessel will be known as
the Prosperity and is due to arrive at the Payara
section of Stabroek in time to begin production
in 2024.
In a statement dated October 13, SBM said
that the hull of the Prosperity had arrived at the
Keppel shipyard. While in dry dock, the FPSO
will be outfitted with major structures that will
support its subsea and mooring risers, it noted.
The Dutch company intends to build the new
FPSO using its Fast4Ward® design, which calls The Prosperity FPSO’s hull arrived in Singapore in August (Photo: SBM Offshore)
for installing standardised topsides modules on
a newbuild multi-purpose gull. The resulting Hess Guyana Exploration, with 30%; and China
vessel will be nearly identical to the Liza Unity, National Offshore Oil Corp. (CNOOC), with
the FPSO that SBM built to support the Liza-2 25%. The partners brought Liza-1, their first
development project at the Stabroek block. Like development project, on stream in December
the recently completed Liza Unity, which is due 2019. They are due to launch Liza-2, the sec-
to arrive in Guyanese waters before the end of ond development project, in 2022, followed by
the year, it will be able to handle 220,000 bar- Payara in 2024 and Yellowtail in 2025.
rels per day (bpd) of crude oil and to store 2mn The group has not yet said which fields it
barrels. will target in the fifth phase of development at
Equity in the Stabroek project is split between Stabroek. However, it is reportedly considering
ExxonMobil Guyana, the operator, with 45%; Whiptail as its next target after Yellowtail. ™

SURINAME
Chevron, Staatsolie sign PSC for Block 5

PATRICK Pouyanné, the CEO of France’s
TotalEnergies, has said that his company will not
flare any of the associated gas contained within
its oilfields offshore Suriname.
Speaking during the Energy Intelligence
Forum earlier this month, Pouyanné noted
that the oil-rich sections of Block 58, which
TotalEnergies is developing in co-operation
with US-based Apache, contained significant
volumes of associated gas. The company will
have to find a way to monetise this gas rather
than burning it off and focusing solely on oil, he
said.
“There’s no way for TotalEnergies to flare the
gas,” he said, according to a report from S&P
Global Platts. “We’ll have to find a way to val-
orise the gas.”
He indicated that the French major had not State-owned Staatsolie will retain a 40% stake in Block 5 (Image: Staatsolie)
yet decided how to handle future gas produc-
tion but would consider arrangements similar he said. But he also pointed out that locally ori-
to those made by neighbouring Guyana, which ented projects would have to be relatively small
has struck a deal with US-based ExxonMobil in scale.
on using associated gas from the Liza field for “We would like to be able to launch as quickly
domestic electricity and petrochemical pro- as possible a first oil development in order to
duction. The issue is an important one, since gain some revenues, but today the gas content
TotalEnergies will have to make plans for the gas of what we discovered is quite high,” Pouyanné
before taking a final investment decision (FID), commented.

Week 41 14•October•2021 www. NEWSBASE .com P9